NasdaqCM:BOXL

Stock Analysis Report

Executive Summary

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide.

Snowflake

Fundamentals

Slightly overvalued with limited growth.


Similar Companies

Share Price & News

How has Boxlight's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

BOXL

3.7%

US Tech

1.0%

US Market


1 Year Return

-8.0%

BOXL

7.7%

US Tech

6.7%

US Market

Return vs Industry: BOXL underperformed the US Tech industry which returned 7.7% over the past year.

Return vs Market: BOXL underperformed the US Market which returned 6.7% over the past year.


Share holder returns

BOXLIndustryMarket
7 Day1.5%3.7%1.0%
30 Day-14.2%6.6%-1.8%
90 Day-36.1%14.0%-1.8%
1 Year-8.0%-8.0%9.5%7.7%9.1%6.7%
3 Yearn/a100.3%84.9%46.1%36.6%
5 Yearn/a132.2%108.5%66.9%48.6%

Price Volatility Vs. Market

How volatile is Boxlight's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Boxlight undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: BOXL ($1.88) is trading below our estimate of fair value ($5.1)

Significantly Undervalued: BOXL is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: BOXL is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: BOXL is unprofitable, so we can't compare its PE Ratio to the US market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate BOXL's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: BOXL is overvalued based on its PB Ratio (5.7x) compared to the US Tech industry average (1.6x).


Next Steps

Future Growth

How is Boxlight expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

61.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: BOXL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BOXL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BOXL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BOXL's revenue (20.2% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: BOXL's revenue (20.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if BOXL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Boxlight performed over the past 5 years?

-41.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BOXL is unprofitable, and losses have increased over the past 5 years at a rate of -41.7% per year.

Accelerating Growth: Unable to compare BOXL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BOXL is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (64%).


Return on Equity

High ROE: BOXL has a negative Return on Equity (-219.77%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: BOXL is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: BOXL is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Boxlight's financial position?


Financial Position Analysis

Short Term Liabilities: BOXL's short term assets ($13.1M) do not cover its short term liabilities ($18.1M)

Long Term Liabilities: BOXL's short term assets (13.1M) exceeds its long term liabilities (2.4M)


Debt to Equity History and Analysis

Debt Level: BOXL's debt to equity ratio (188.6%) is considered high

Reducing Debt: Insufficient data to determine if BOXL's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: BOXL has a low level of unsold assets or inventory.

Debt Coverage by Assets: BOXL's debt is covered by short term assets (assets are 1.985880x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BOXL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BOXL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Boxlight's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate BOXL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BOXL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if BOXL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BOXL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BOXL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Boxlight's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

James Elliott (67yo)

5.1yrs

Tenure

US$430,091

Compensation

Mr. James Mark Elliott has been the Chief Executive Officer and Director of Boxlight Corporation since September 18, 2014 and serves as its Chairman. Since 2012, Mr. Elliott has also served as the Presiden ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether James's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: James's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

3.0yrs

Average Tenure

49.5yo

Average Age

Experienced Management: BOXL's management team is considered experienced (3 years average tenure).


Board Age and Tenure

3.4yrs

Average Tenure

59yo

Average Age

Experienced Board: BOXL's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Hank Nance (46yo)

    Chief Operating Officer

    • Tenure: 5.1yrs
    • Compensation: US$658.27k
  • Michael Pope (38yo)

    President & Director

    • Tenure: 5.1yrs
    • Compensation: US$427.59k
  • James Elliott (67yo)

    Chairman & CEO

    • Tenure: 5.1yrs
    • Compensation: US$430.09k
  • Pat Henry (66yo)

    Executive Vice President of Sales

    • Tenure: 0yrs
    • Compensation: US$330.99k
  • Lori Page (53yo)

    Vice President of Global Marketing

    • Tenure: 1.8yrs
    • Compensation: US$201.60k
  • Takesha Brown (45yo)

    Chief Financial Officer

    • Tenure: 1.6yrs
    • Compensation: US$224.14k
  • Matt Hunt

    Head of Sales for Europe

    • Tenure: 0.8yrs
  • Andy Pennington

    Managing Director of EMEA

    • Tenure: 0yrs

Board Members

  • Rudy Crew (67yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$50.00k
  • Dale Strang (58yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: US$159.47k
  • Harold Bevis (59yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$47.39k
  • Steve Hix (82yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$10.00k
  • Michael Pope (38yo)

    President & Director

    • Tenure: 5.1yrs
    • Compensation: US$427.59k
  • James Elliott (67yo)

    Chairman & CEO

    • Tenure: 5.1yrs
    • Compensation: US$430.09k
  • Tiffany Kuo (30yo)

    Non-Executive Director

    • Tenure: 5.1yrs

Company Information

Boxlight Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Boxlight Corporation
  • Ticker: BOXL
  • Exchange: NasdaqCM
  • Founded: 2014
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$20.119m
  • Shares outstanding: 10.72m
  • Website: https://investors.boxlight.com

Number of Employees


Location

  • Boxlight Corporation
  • 1045 Progress Circle
  • Lawrenceville
  • Georgia
  • 30043
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOXLNasdaqCM (Nasdaq Capital Market)YesClass A common stockUSUSDNov 2017

Biography

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:07
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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